Fuel

Gasoline Nearing Six-Year Low

The national average price of a gallon of unleaded gasoline has fallen to $2.178 per gallon where it's again nearing the six-year low it reached in early 2015, when it hovered about the $2 level.

The price fell 5.7 cents for the week ending Nov. 16, and the price is now 71.6 cents lower that its year-ago level.

Prices fell across the nine regions tracked by the U.S. Energy Information Administration with the sharpest decline registered in the Midwest, which saw a 13-cent decline to $2.085 on the week. The West Coast still has the most expensive gasoline at $2.636 per gallon, while the Gulf Coast is the cheapest at $1.926.

Four states now have gasoline above $2.50 per gallon, including Hawaii ($2.856), California ($2.80), Nevada ($2.67), and Washington ($2.515). At the other end of the spectrum, 11 states now have gasoline lower than $2. South Carolina's $1.912 price point is the nation's lowest.

Meanwhile, the average price of diesel fuel fell 2 cents to $2.482. Diesel is now $1.179 lower than a year ago.

A recent bill proposed by California State Senator Nancy Skinner (D-Berkeley) lays out an even more aggressive plan for emissions reduction in the state and puts the transportation sector squarely in its crosshairs.

The price of regular gasoline continued to decline over the holidays and reached an average of $2.266 per gallon for the week ending Dec. 31, which was 5.5 cents lower that the prior week, according to the U.S. Energy Information Administration.

The national price of gasoline has fallen to $2.37 per gallon, which is the lowest December level on record since 2016 and continues a price decline that began in early October. Gasoline prices have tumbled 54 cents from Oct. 9.